COMEX Gold Update

Daily Futures Commentaries: [Comex Gold] 14/11/2019 - testing rebound from oversold

InvestorsDoctor
Publish date: Thu, 14 Nov 2019, 11:40 AM
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14/11/2019
 
Gold Dec 19
 
Previous Close: 1463.3 +9.6
 
Gold gained on yesterday as US President Donald Trump’s speech on the trade ties with China diminished optimism for a deal.
 
4H chart testing rebound from RSI oversold, above 1470 for more upside.
 
Classic Support & Resistance 
Resistance: 1474 1490
Support:  1456 1442
 
Recommend Trading Plan for the day: 
1. Buy 1468, stop 1466.7, profit 1469.3/1470.6/1470.9
2. Sell 1461.6, stop 1462.9, profit 1460.3/1459/1457.7
 
Margin Requirement (per lot) 
USD 4950
Micro: USD 495
 
Disclaimer: For idea sharing only, trade at your own risk
 
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